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The Boiler and Machinery Insurance Contract Generally Is Characterized by All

Question 42

Multiple Choice

The boiler and machinery insurance contract generally is characterized by all but one of the following:


A) about one-fourth of the premium is for inspection services rather than for pure insurance against the loss,
B) it usually covers all of the firm's boilers and other equipment under one blanket form,
C) it insures several different types of losses under one form,
D) the limits of indemnity apply successively to named losses until the aggregate limits of liability are fully exhausted,
E) the insurer typically sends an inspector to the insured plant two or more times each year.

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